Research Reports

Breakout quarter with 40% FY27 growth target; margin sustainability key

data-center-demand · optical-connectivity · 40-percent-growth

Birla Cable Q1 FY27: consol PAT ₹30.7 Cr as revenue +51% YoY and OPM triples to 17.2%

cables · margin expansion · raw material cost relief

Record Orders, Constrained Capacity—Execution Is the Bet

optical fiber · data center · capacity constraints

Record momentum faces execution test as capacity tightens

data center growth · AI infrastructure · capacity constraints

Q1 FY27: Mobile Subscriber Adds & HOBS Momentum Track Test

subscriber growth · HOBS segment · competitive intensity

Subscriber premiumisation and capex clarity in focus as Airtel eyes stable ARPU in Q1

ARPU · subscriber premiumisation · capex

STL Networks: consolidated loss holds near ₹22 Cr in Q1 FY27 as revenue falls 7% YoY

demerged services business · consolidated net loss · operating margin expansion

Tejas stays loss-making at ₹202 Cr, but consolidated revenue nearly doubles YoY to ₹402 Cr

telecom equipment · optical networking · bsnl order book

Margin resilience and co-location momentum on the line

tower infrastructure · EBITDA margin · 5G colocation

Network18 slips to ₹38 Cr consolidated Q1 loss as one-off ETPL gain lapses; revenue +10% YoY

media broadcasting · net loss · exceptional item

STL's record Q1FY27: PAT at ₹197 Cr, margin hits 20.8% as revenue grows 87% YoY

optical fiber · data center · margin expansion

Shemaroo Q1 loss narrows sharply to ₹8 Cr as inventory charge-offs roll off; revenue dips ~6%

media entertainment · loss narrowing · inventory charge-off

TTML Q1 loss narrows sharply to ₹72 Cr as finance costs halve; revenue up 6% YoY

telecom · enterprise connectivity · loss narrowing

Strong ad growth masks circulation decline, margin gains non-repeatable

ad growth · newsprint inflation · margin resilience

Hathway Q1: consolidated PAT falls 21% YoY to ₹24.6 Cr as pay-channel costs squeeze margins

DB Corp Q1FY27: consolidated PAT ₹100.7 Cr, up ~25% YoY as EBITDA margin expands 250bps to 26.1%

GTPL Hathway: consol revenue +12% to ₹1,015 Cr but PAT collapses 81% YoY to ₹1.4 Cr on margin squeeze

DEN Networks Q1: consolidated PAT falls 36% YoY to ₹34.6 Cr as treasury income, margins shrink

Avantel Q1: consolidated PAT +67% YoY to ₹5.39 Cr, margins expand on cost leverage

defence electronics · satellite communication · margin expansion